Around here, you start out signing a 12 month lease and then, following that, you have the option of renewing for another year or going on a month-to-month lease. The MTM rate is at market rate + $50 per month.

While there are people that use MTM well and use a few extra months to buy a house or something like that, there are plenty of people that will live here for over a year at the month to month rate (a.k.a. paying $600 for nothing).

I get that the idea behind it is you have that added flexibility, but we have another guy who has been on a MTM lease for the past 3 years and refuses to consider anything else (even when, a while back, we offered a 6 month lease).